OCEAN SENIOR CITIZENS HOUSING CORPORATION (EIN 221944728) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

RAYMOND LEE ROSS

Phone

7325312929

Tax Period

2019-01-01 to 2019-12-31

OCEAN SENIOR CITIZENS HOUSING CORPORATION, founded in 1970, is a small nonprofit that reported $301K in total revenue in fiscal year 2019. Expenses of $693K exceeded revenue, resulting in a 130% operating deficit.

Mission

LOW INCOME SENIOR HOUSING

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $262,078

Investment Income $38,227

Other Revenue $1,160

TOTAL REVENUE $301,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,664

Fundraising Expenses $0

Program Expenses $604,208

Other Expenses $586,721

TOTAL EXPENSES $693,385

Year-over-Year Comparison

	2019	2018	Change
Revenue	$301,465	$286,042	+0.1%
Expenses	$693,385	$535,283	+0.3%
Net Income	$-391,920	$-249,241	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA MORLEY	EXECUTIVE DIRECTOR	37.50		$85,911	$0	$85,911
URSULA BUKI	BOARD MEMBER	5.00	Director	$0	$0	$0
SUSAN HORTON	BOARD MEMBER	5.00	Director	$0	$0	$0
TED PANIS	President	5.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2019	$301,465	$693,385	$5,091,594	$-391,920
2018	$286,042	$535,283	$5,501,500	$-249,241

OCEAN SENIOR CITIZENS HOUSING CORPORATION